Score Up to $1,200 with Valley Bank's High-Yield Savings & 3.96% APY

Looking for a way to make your savings work harder? Valley Bank, a trusted name since 1927 with over $61 billion in assets, is offering a sweet deal through Raisin: a High-Yield Savings account that pays a competitive 3.96% APY and throws in a cash bonus of up to $1,200. And the best part? It's available nationwide, so you don't need to live near one of their 200+ branches to take advantage.

How the Bonus Breaks Down

The bonus is split into two parts: a base bonus for your initial deposit and an extra boost if you set up recurring deposits. You'll need to enter promo code SUMMER26 when you sign up and deposit at least $10,000 within 14 days to unlock the base bonus. The more you deposit, the bigger the reward.

Here's a quick look at the tiers:

• Deposit $10,000–$24,999 → $50 base bonus + up to $10 recurring bonus = up to $60 total
• Deposit $25,000–$49,999 → $125 base bonus + up to $25 recurring bonus = up to $150 total
• Deposit $50,000–$99,999 → $250 base bonus + up to $50 recurring bonus = up to $300 total
• Deposit $100,000–$199,999 → $500 base bonus + up to $100 recurring bonus = up to $600 total
• Deposit $200,000+ → $1,000 base bonus + up to $200 recurring bonus = up to $1,200 total

Setting Up Recurring Deposits for That Extra Boost

To snag the recurring deposit bonus, you need to schedule two or more automatic transfers within 14 days of your first deposit. These transfers must execute at least twice during the first 90 days. The amount you need to funnel through recurring deposits depends on your tier—ranging from $100 total for the lowest tier to $2,000 for the top one.

Here's a neat detail: you can qualify for a lower recurring bonus tier than your base tier. So if you deposit $200,000 but only set up $500 in recurring deposits, you'll still get the $50 bonus. It's flexible, but you can't jump up to a higher recurring bonus tier by depositing more than required.

What You Need to Know About the Account Itself

This isn't just about the bonus—the account itself is solid. You'll earn 3.96% APY on every dollar, with no minimum balance to maintain and no monthly fees. That's a rare combo these days. You can request an ATM card for easy access, and while the initial deposit has to come via ACH, you can add more funds later using the card or ACH transfers.

Valley Bank has been around for nearly a century, so you're dealing with a stable institution. Plus, your deposits are FDIC-insured up to $250,000 through the Raisin platform.

A Few Things to Watch For

First, this offer is for new customers only, so if you've already had a Valley Bank savings account through Raisin, you won't qualify. Second, you need to maintain your balance for 90 days to keep the bonus—withdraw early and you might lose it. Also, the bonus is credited to your Cash Account within 30 days after you meet all conditions, so don't expect it instantly.

One more thing: the APY is variable, so it could change after you open the account. But with rates where they are, 3.96% is still quite competitive.

Bottom Line

• Up to $1,200 bonus with promo code SUMMER26, ends July 31, 2026
• 3.96% APY with no monthly fees and no minimum balance
• Requires $10,000+ deposit within 14 days and 90-day hold
• Extra $10–$200 bonus available with recurring deposits

Common Questions